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Page 4 - Indian Investments Into Gcc

The elections signal course correction

Voters have made it clear they want inclusive growth and a break from polarising politics

The elections signal course correction
Updated On : 05 Jun 2024 | 10:42 PM IST

Unlocking India's decadal growth

Sustained high growth will need hard reforms

Unlocking India's decadal growth
Updated On : 29 May 2024 | 10:41 PM IST

India must up its share in global manufacturing: FM Nirmala Sitharaman

Some economists, including former RBI Governor Raghuram Rajan, have said recently that India should focus on services sector rather than manufacturing as it has missed that opportunity

India must up its share in global manufacturing: FM Nirmala Sitharaman
Updated On : 19 May 2024 | 5:13 PM IST

Start-ups and GCCs lead in AI adoption in India, says EY report

Further, the analysis of India's top 50 most valued Indian unicorns in the study revealed that 66 per cent of them were already using AI or GenAI technology in their operations

Start-ups and GCCs lead in AI adoption in India, says EY report
Updated On : 16 May 2024 | 9:15 PM IST

India to have 200 new GCCs by 2025; growth to help office space: JLL

GCCs are offshore centres that handle a variety of operations like tech, customer service, finance and product development, among other things to support the parent company

India to have 200 new GCCs by 2025; growth to help office space: JLL
Updated On : 14 May 2024 | 7:21 PM IST

India GCCs emerge as proof-of-concept foundries for GenAI applications

Companies are utilising GCCs as a "sandbox environment" to develop PoCs that accelerate their digital journey by leveraging GenAI across relevant domains

India GCCs emerge as proof-of-concept foundries for GenAI applications
Updated On : 02 May 2024 | 4:32 PM IST

GCCs lead in gender diversity in India; deeptech firms lag behind: Research

Achieving gender parity, however, remains a challenge in Deeptech organisations, where the percentage of women workforce stands at mere 23 per cent, according to the report

GCCs lead in gender diversity in India; deeptech firms lag behind: Research
Updated On : 30 Apr 2024 | 6:49 PM IST

90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report
Updated On : 12 Apr 2024 | 5:04 PM IST

GenAI, GCCs to help boost Indian economy in coming years: Deloitte

India could see a substantial growth of USD 359-438 billion in GDP through adoption of GenAI and the country's Global Capability Centres (GCC) market would exceed USD 100 billion by 2030, Deloitte India said in a report. The Technology Trends 2024 report: India perspective said GCCs are taking the lead in 2024, showcasing India's growing prowess in catering to international technology needs. "With over 1,600 GCCs, India's GCC market is growing and creating its dominance globally. It is estimated that by 2030, the Indian GCC market would exceed USD 100 billion, with 2,500 GCCs across the country employing over 4.5 million people," it said. The report pointed out a close connection between technological adoption and accelerated economic growth. Improved accessibility and government initiatives, it said, have led to a significant surge in digital technology adoption. It said advanced technologies offer avenues for growth and efficiency, such as automating tax filing, using blockchai

GenAI, GCCs to help boost Indian economy in coming years: Deloitte
Updated On : 04 Apr 2024 | 8:59 PM IST

India will become a product nation in PM Modi's next term: Vaishnaw

At Business Standard Manthan, Ashwini Vaishnaw said that the Centre would create a policy framework for the Global Capability Centres

India will become a product nation in PM Modi's next term: Vaishnaw
Updated On : 27 Mar 2024 | 6:08 PM IST

Co-working spaces set to expand capacity in 12-24 months as demand rises

WeWork plans to inaugurate its first building in Chennai in early June. Currently, the company is spread out across 54 locations with more than 90,000 desks across seven cities

Co-working spaces set to expand capacity in 12-24 months as demand rises
Updated On : 26 Mar 2024 | 12:19 AM IST

Aster DM's deal to separate India and GCC businesses nears completion

In November 2023, Aster DM had received corporate approvals to separate its India and Gulf Cooperation Council (GCC) businesses into two distinct and standalone entities

Aster DM's deal to separate India and GCC businesses nears completion
Updated On : 21 Mar 2024 | 6:33 PM IST

Tapping into India's talent, global capability centres eye revenue goldmine

India is home to more than 1,580 GCCs, with a total market size of $46 billion

Tapping into India's talent, global capability centres eye revenue goldmine
Updated On : 19 Mar 2024 | 11:19 PM IST

Indian GCC model changing from execution-driven to taking ownership

Indian GCCs have become "value amplifiers" for their global headquarters

Indian GCC model changing from execution-driven to taking ownership
Updated On : 16 Feb 2024 | 10:03 PM IST

Ministry asked to tap over 3.5 mn overseas jobs: House Panel report

Operationalise 30 Skill India International Centres by March: House Panel

Ministry asked to tap over 3.5 mn overseas jobs: House Panel report
Updated On : 09 Feb 2024 | 11:02 PM IST

Volkswagen Group's India unit looking to introduce entry-level electric SUV

The carmaker is looking at exporting the new EV to southeast Asia, Gulf Cooperation Council (GCC) countries and North Africa

Volkswagen Group's India unit looking to introduce entry-level electric SUV
Updated On : 02 Feb 2024 | 11:53 AM IST

E-auction announced for developed vacant plots in Chennai Fintech City

Plots on offer are part of a multiple-use zone suitable for office, residential, and hospitality

E-auction announced for developed vacant plots in Chennai Fintech City
Updated On : 19 Jan 2024 | 6:55 PM IST

India is emerging global leader in GCC, says RBI monthly bulletin

GCCs are offshore units of multinational corporations that operate across the globe

India is emerging global leader in GCC, says RBI monthly bulletin
Updated On : 18 Jan 2024 | 11:18 PM IST

Share of GCCs in office transactions rose to 35% in 2023: Knight Frank

Chennai witnessed the highest GCC focussed transactions at 6 msf, followed by Hyderabad at 4.1 msf and Bengaluru at 3.8 msf

Share of GCCs in office transactions rose to 35% in 2023: Knight Frank
Updated On : 04 Jan 2024 | 10:48 AM IST

GCCs focus on retention strategies, fintechs turn to local language tools

As companies continue to grow and invest in disruptive technologies, they have to ensure there is a sufficient supply of talent as they scale operations

GCCs focus on retention strategies, fintechs turn to local language tools
Updated On : 28 Dec 2023 | 11:19 PM IST